Savings & Policyholder Behavior Exp...

Savings & Policyholder Behavior Expert - (F/H) (1800064X)

Description du poste

Would you like to wake up every day driven and inspired by our noble mission and to work together as one global team to empower people to live a better life?

Here at AXA we strive to lead the transformation of our industry. We are looking for talented individuals who come from varied backgrounds, think differently and want to be part of this exciting transformation by challenging the status quo so we can push AXA - a leading global brand and one of the most innovative companies in our industry - onto even greater things.
In a fast-evolving world and with a presence in 62 countries, our 160,000 employees and exclusive distributors anticipate change to offer services and solutions tailored to the current and future needs of our 105 million customers.

The headquarters of the AXA Group, based in Paris 8th, brings together the Group's corporate activities. It coordinates the various entities with the Group's strategy, and is responsible for managing international projects.
Direction Presentation:
The AXA Group Risk Management (GRM) brings together high level and multidisciplinary staff with engineers, actuaries, data scientists and financials split between Paris, Zurich and Madrid.
Its main missions are focused on the following key areas:
• Analyze, model and aggregate the Group’s risks (economic capital and emergence of economic value),
• Define the process enabling to limit the undertaken risks (assets accumulation, longevity, natural catastrophe...)
• Optimize the Group’s protection (reinsurance, securitization, etc.).
Primary mission:
As part of the new Solvency II regulation, AXA has developed its own internal model for the calculation of the economic capital. The GRM Life, Savings and Health team is responsible for the developments linked to the Life risks (Mortality, Longevity, Lapses, etc.) and works continuously on the model’s improvements and on the quantification of these risks.

The candidate will join the Savings team whose mission consists in piloting and managing the risks linked to the Savings business which is one of the main contributor to AXA revenue.

The team directly reports to the Group’s Life, Savings and Health Chief Risk Officer.

As a Risk Manager, the Savings & Policyholder Behavior Expert is both an active controller of local teams’ activities and a business partner. He/she is in charge of providing methods, models, metrics and tools to help AXA measuring the risks it is exposed to, and orientates its strategy.
Within the team, the Savings & Policyholder Behavior Expert pilots and manages risks such as lapses and customer behaviors (annuity election, fund switch, …) which can also be correlated with market risks (equity or interest rate risks). The current development of Big Data techniques is a unique opportunity to benchmark traditional actuarial methods with more advanced predictive behavior models using granular policyholder data, to improve product pricing, ALM strategies, and better understand key risks for the company.
Core activities:
• Be responsible for the internal model methodology for Lapses, Other Customer Behavior and its deployment within the entities. He/she is in charge of the interactions with regulators and auditors regarding these risks,
• Participate to the In-Depth-Reviews (IDR) of entities, with a focus on Savings product pricing and profitability, best estimate assumptions and the writing of a report for the Group’s Top Management including alerts and recommendations,
• Contribute to the Product Approval Process (PAP), which is the standard process followed for each new product launch, through the writing of second opinions on entities’ Savings products across the Group,
• Contribute to spreading risk culture for Life insurance business.